Insurers should not have to pay for banks' mistakes, says CEA
Moody's comments on boards' approach to insurance accounting
It follows on from the IASB's exposure draft
It will help export an economic view in accounting into regulation that has so far been mostly concentrated on European insurers, argues Lukas Ziewer
The IASB is no longer on the same track as Solvency II, write Ann DuchÃªne and Marc Beckers, head of Aon Benfield Analytics in EMEA, and it hasn't yet resolved all its differences with the FASB. How will insurers cope with the variance in approaches?
Not only is the IASB Exposure Draft a big change from the board's earlier proposals, there are also differences between the ED and Solvency II, and the time-frames for the two regimes are inconveniently similar. Towers Watson examines the IASB document in detail.
Exposure draft foreshadows big changes in income statements
IPT is increased but government commits to tax reform on foreign branches
Coalition government's potential cut in pension tax relief is a concern
And wider reform of life insurance taxation is being considered